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a system indivivisuals own the factors of production and decide how to use them.
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∙ 11y ago
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What are the different economic system?
traditional economic system command economic system market economic system
What are the three different economic system?
traditional economic system command economic system market economic system
Does Germany have a market or mixed economic system?
it has an market system for Germany it has an market system for Germany
How is the economic system of Puerto Rico?
the economic system is free market. I'm not sure how it is but you can look up Puerto Rico's free market economic system
What type of economic system does Turkey have?
Its a Free market economic system
What economic system do Romania presently use?
Free market economic system
What economic system does Romania have?
Now is a free market system.
What economic system is Romania currently using now?
Free market economic system
What is the definition of an Economic System?
The system of production and distribution and consumption.A.Free-market economyAn economic system where decisions are made by producers and consumers.C.Mixed economyAn economic system that uses both free-market and command principles.B.Planned economyAn economic system run by the government.
In which economic system do individuals answer the basic economic questions?
market economy
What kind of economic system does Chile have?
A Market command system
What economic system does French Guiana have?
a free market system
